https://www.taxtmi.com/acts?id=19579 The Finance Act amends section 36 to (i) omit the phrase limiting a clause to "for extension of existing business or profession", (ii) add a proviso to allow deduction for debts taken into account under ICDS without account entry when they become irrecoverable and deem them written off in the accounts, and (iii) insert a clause permitting cooperative sugar manufacturers to deduct expenditure for purchase of sugarcane at prices equal to or below government fixed or approved levels. en-us Thu, 07 May 2015 12:48:54 +0530 Sat, 09 May 2015 12:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19579 The Finance Act amends section 36 to (i) omit the phrase limiting a clause to "for extension of existing business or profession", (ii) add a proviso to allow deduction for debts taken into account under ICDS without account entry when they become irrecoverable and deem them written off in the accounts, and (iii) insert a clause permitting cooperative sugar manufacturers to deduct expenditure for purchase of sugarcane at prices equal to or below government fixed or approved levels. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 12:48:54 +0530 https://www.taxtmi.com/acts?id=19579